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GOLD - Price can continue to move up to $2060 resistance levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 After price entered to wedge, it bounced from resistance line and declined to support line, breaking $2005 level. But soon, XAU turned around and made upward impulse back from support line to resistance line, breaking $2005 level one more time. Next, price rose higher resistance level, which coincided with resistance area, but then Gold bounced down. Price exited of wedge and entered to falling channel, where it broke $2060 level again and fell to support level. Later price exited from channel too, reached resistance level, but recently it declined back. Then Gold bounced up and now, I think price can make a little correction, after which continue to move up to $2060 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
XAU/USD 19 Jan 2024 Intraday Analysis -> Swing: Bullish. -> Internal: Bearish. -> Has reached EQ. Following swing BOS price very aggressively pushed to the upside. Currently price has printed a bearish iBOS where we are now in the pullback phase. Price has printed a bullish CHoCH which is the first sign (but not confirmation) that internal pullback has initiated. Internal EQ is marked in green. Expectation is for price to continue bullish and react at M15 and H4 POI's, which it currently is. Price anticipated to target weak internal low.
OANDA:XAUUSD
by Khan_YIK
XAU Technical Analysis• Gold has successfully broken its mid-term downtrend line and has risen to around $2062, which is currently at the Fibonacci 0 line. • The upward trend in gold is likely to persist and it might achieve higher targets. However, it may experience a pullback to lower support levels before continuing its ascent. • The first significant support level for gold is at $2038. • On the flip side, if the level of $2062 is breached, it is probable that gold will continue its upward trajectory towards the next resistance area, which is around $2085. (All analyses will be updated) This analysis is informational, not financial advice.
FOREXCOM:XAUUSD
by MonoCoinSignal
HelenP. I Gold can correct to trend line and then rebound upHi folks today I'm prepared for you Gold analytics. Some days ago price traded near the support 1975 level, which coincided with the support zone, and a few moments ago it bounced and tried to rise, but failed and in a short time declined below this level, breaking it, to the trend line. After this, XAU at once rebounded and made a strong impulse up to the resistance zone, breaking 1975 and 2080 levels, but soon it turned around and made a correction to the support level, breaking the resistance level again. Also, Gold started to trades in a wedge, where later price rebounded from the support level and made upward impulse to the resistance zone one more time, and soon fell back. Gold declined to the trend line and a not long time ago bounced up from it, but not so high, for this reason, Gold continues to trades near this line to this day. For my mind, the price will make a correction to the trend line again and then rebound up. That's why I set my target at the 2050 level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDLong
by FirstNameHelen
2
Gold Setup on Fundamental New | H1 timeframeGold Setup on Fundamental New | H1 timeframe Welcome Back Traders ! -Todays at a Same Time 4 High Impact news going to happened -This idea is based on Educational Purposes -In Last FOMC and CPI news gold use the same move -Strong Resistance at 2015-2020 if these news tried to break this zone we furthermore expected 2028-2030 point - But Remember overall plan is fallen Candles - Basically 2000 point is a phycological support need more fundamental power to break All the best and Cheers...
OANDA:XAUUSDShort
by professionaltradersfx
XAU/USD 18 Jan 2024 Intraday Analysis-> Swing: Bullish. -> Internal: Bearish. -> Has reached EQ. Following swing BOS price very aggressively pushed to the upside. Currently price has printed a bearish iBOS where we are now in the pullback phase. Price has printed a bullish CHoCH which is the first sign (but not confirmation) that internal pullback has initiated. Internal EQ is marked in green. Expectation is for price to continue bullish and react at M15 POI's, however, POI's are positioned in discount.
OANDA:XAUUSD
by Khan_YIK
#XAU #XAUUSD #GOLD #DUMP #SOON #Distribution #Wychoff #Eddy#XAU #XAUUSD #GOLD #DUMP #SOON #Distribution #Schematic #1 : #Wychoff #Events & #Phases #Wychoff #Eddy ((" I have analyzed gold for you with a combination of Price Action + S&D + RTM + ICT + Volume Trading, Level 2/3 Book Map, Dow Theory + Wyckoff Schematic &... Please Dont forgot boost and comment, i will answer all comments. ")) By : Dr. #Eddy SunShine 👨🏻‍💻 1/18/2024 ❤️ "Thank you to #TradingView for making this extremely useful platform and also for providing this social space to publicize the charts and all the interesting features it has." Love you ❤️ #Eddy
FXOPEN:XAUUSD
by Eddy_Trade_
3
Will Gold continue to be dominated by selling pressure?Gold - 24h expiry Selling pressure dominated price action yesterday and we expect this to continue today. We are trading at oversold extremes. A higher correction is expected. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Further downside is expected although we prefer to sell into rallies close to the 2033.50 level. We look to Sell at 2032.80 (stop at 2044.80) Our profit targets will be 2002.80 and 1996.80 Resistance: 2084.45 / 2120.70 / 2140.20 Support: 2004.20 / 1984.70 / 1947.45 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XAUUSDShort
by OANDA
🔥 How The Gold ETF Can Predict Bitcoin's Performance After ETFIn many of my recent BTC analyses I've been talking about my view on the ETF. My prediction was that the ETF would be a sell-the-news event and mark a local top. Thus far, my view has been correct. In this analysis I want to take a look at the Gold ETF and its effect on the short- and long-term price movement of the underlying asset Gold. My short-term view on both ETF launches is as follows: - Whales (big banks and the like) buy the rumour. Likely, they have more knowledge about the ETF launching than the retail investors. - ETF launches, whales create hype around the ETF to lure retail in. - Whales sell their assets to retail, which drives the prices down. As per Bitcoin, the correction has just started in my view. We can go much lower from this point. However, this ETF is great news in the long-term. As seen on the bottom chart, Gold went up for almost 7 years after the ETF launch. I doubt that BTC will go up for 7 years, but the statistics don't lie. An ETF is a great way to lure more traders to the market. Think about it, how many more people will buy crypto during bull-markets when it's as accessible as a stock? This ETF could very well put increasing bullish pressure on Bitcoin's price, potentially bringing the next-bull market top to unforeseen highs. A man can hope. Share your thoughts about the short- and long-term price action of BTC after the ETF.
TVC:GOLDLong
by FieryTrading
17
XAU/USD H4 ANALYSIS-> Swing: Bullish. -> Internal Bearish. -> Has reached EQ. After the swing BOS price aggressively moved to the upside. First structural sign of pullback initiation was the bearish iBOS. Price pulled back to beyond EQ where we saw reaction at POI's. Price printed double bullish iBOS to confirm swing pullback phase is complete. Currently internal structure is bearish. After iBOS we expect pullback which is underway Price is trading near extreme internal low and reacting at H4 POI. Expectation is for price to target weak internal low priced at 2013.390.
OANDA:XAUUSD
by Khan_YIK
Gold can make upward impulse from support line to 2060 levelHello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price recently rebounded from the 2030 support level, which coincided with the support line of the pennant and made a strong upward impulse to the resistance line, breaking the 2060 resistance level, which coincided with the seller zone. After this, Gold bounced from the resistance line and made a downward impulse to the seller zone, exiting from the pennant, and soon the price broke the 2060 level too and declined lower. Also then, the price started to decline in a downward channel, where it fell below even the 2030 support level, which coincided with the buyer zone. Later Gold bounced from the support line of the channel and rose to the resistance line, breaking the 2030 support level again. At the short time later price exited from the channel and started to trades in one more upward pennant, where it continues to trades near the support line at the moment. Possibly, Gold can rebound from the support line and rise to the resistance line of the pennant. After this, XAU can make a little correction, after which it continues to move up to the resistance level, thereby exiting from the pennant. So, I set my target at the 2060 level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
2
Gold plunges as investors await fresh cues about Fed rate cutsGold price has been hit hard amid uncertainty over US Retail Sales and Industrial Production data. A strong US Retail Sales data would provide more room for the Fed to maintain higher interest rates. •Further escalation in Middle East tensions could bring some revival in the gold price. Gold price (XAU/USD) witnesses a sell-off after failing to reclaim the weekly high above $2,060. The precious metal drops as investors reconsider the timeframe in which the Federal Reserve (Fed) may reduce interest rates. This comes after the release of the sticky Consumer Price Index (CPI) report for December, as well as hawkish comments from European Central Bank (ECB) officials recalibrating broader market expectations. While markets continue to lean towards a rate cut decision in March, policymakers are in no hurry to endorse a dovish stance on interest rates. The consumer price inflation in the United States economy is almost double the required rate of 2%, labor demand is steady and the chances of a recession are low despite interest rates remaining in the range of 5.25-5.50%. This would allow Fed policymakers to maintain a restrictive monetary policy stance for the time being. Going forward, monthly US Retail Sales, the Industrial Production data and the Fed's Beige Book are expected to provide fresh cues about the interest rate outlook. Daily Digest Market Movers: Gold price falls sharply as US Dollar, yields recover Gold price corrects to near the crucial support of $2,040 as the US Dollar Index (DXY) has recovered sharply ahead of crucial United States economic data for December. A strong run-up in the precious metal that was propelled by firm bets in favor of early rate cuts by the Federal Reserve and deepening Middle East tensions, has stalled for now. • As per the CME Fedwatch tool, chances in favor of an interest rate cut in March have eased nominally to 66% against 70% recorded earlier. A gradual decline has come as investors are reconsidering strong optimism for Fed starting the rate-cut cycle from March after getting mixed cues from stubbornly higher headline consumer price inflation and softer factory gate price data. Investors would get more cues about when the Fed could plan rate cuts after the release of the monthly US Retail Sales and Industrial Producer data, which are due to be released on Wednesday. • Retail Sales are expected to have grown at a higher pace of 0.4% against 0.3% increase in November. Consumer spending excluding automobiles is estimated to have grown at a steady pace of 0.2%. • The Industrial Production data is seen stagnant against 0.2% growth in November on a monthly basis. Upbeat economic data would comfort Fed policymakers for maintaining a restrictive monetary policy stance while a soft report will firm the case of rate cuts in March. • Before that, commentary from Fed Governor Christopher Waller will be keenly watched by market participants. Investors are eager to know how the Fed is considering the timeframe for the rate-cut cycle after the release of sticky consumer price inflation data. • The appeal for the gold price has not been impacted on a broader basis as crises in the Middle East region have deepened after the airstrikes from the US and the United Kingdom. Iran-backed Houthi rebels have threatened to retaliate for attacking groups in Yemen, which will keep risk sentiment on its toes. • The US Dollar Index has broken to a new high slightly above 103.00 as investors hope that other central banks will also start reducing interest rates earlier than previously projected. Meanwhile, the 10-year US Treasury yield has rebounded swiftly above 4.0%. Technical Analysis: Gold price corrects to near 20-day EMA Gold price has faced a sharp sell-off after failing to recapture the weekly high of $2,062. The precious metal has dropped to near $2,040 and is expected to remain on tenterhooks before getting fresh cues about the timing of rate cuts from the Fed. The yellow metal has surrendered entire gains generated on Monday and has corrected to near the 20-day Exponential Moving Average (EMA), which trades around $2,039. More downside could appear in the gold price if it fails to defend the January 3 low of $2,030, which will expose it towards the psychological support of $2,000.
OANDA:XAUUSDShort
by sniper_2022